United Rentals, Inc. (NYSE:URI) Stock Position Trimmed by Renaissance Investment Group LLC

Renaissance Investment Group LLC trimmed its position in shares of United Rentals, Inc. (NYSE:URI - Free Report) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,502 shares of the construction company's stock after selling 486 shares during the period. United Rentals makes up about 3.0% of Renaissance Investment Group LLC's holdings, making the stock its 9th largest holding. Renaissance Investment Group LLC's holdings in United Rentals were worth $14,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Mayflower Financial Advisors LLC raised its stake in shares of United Rentals by 4.0% in the third quarter. Mayflower Financial Advisors LLC now owns 339 shares of the construction company's stock valued at $274,000 after acquiring an additional 13 shares in the last quarter. Allen Capital Group LLC increased its holdings in United Rentals by 4.2% during the 3rd quarter. Allen Capital Group LLC now owns 324 shares of the construction company's stock worth $262,000 after purchasing an additional 13 shares during the period. First County Bank CT raised its position in United Rentals by 3.2% in the 3rd quarter. First County Bank CT now owns 422 shares of the construction company's stock valued at $342,000 after purchasing an additional 13 shares in the last quarter. IAM Advisory LLC boosted its stake in shares of United Rentals by 1.6% in the 3rd quarter. IAM Advisory LLC now owns 900 shares of the construction company's stock valued at $729,000 after buying an additional 14 shares during the period. Finally, CVA Family Office LLC grew its position in shares of United Rentals by 1.7% during the third quarter. CVA Family Office LLC now owns 844 shares of the construction company's stock worth $683,000 after buying an additional 14 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Anthony S. Leopold sold 900 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $823.24, for a total transaction of $740,916.00. Following the completion of the sale, the senior vice president now directly owns 2,044 shares of the company's stock, valued at $1,682,702.56. This trade represents a 30.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

URI has been the topic of several analyst reports. Citigroup reduced their target price on shares of United Rentals from $985.00 to $835.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Robert W. Baird upgraded shares of United Rentals from an "underperform" rating to a "neutral" rating and set a $658.00 price objective on the stock in a report on Tuesday, January 14th. Barclays boosted their target price on shares of United Rentals from $400.00 to $565.00 and gave the stock an "underweight" rating in a research note on Friday, October 25th. Truist Financial cut their price target on United Rentals from $965.00 to $963.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Bank of America upped their price objective on United Rentals from $800.00 to $910.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $805.08.

United Rentals Stock Performance

URI traded up $13.39 during trading on Monday, hitting $770.81. 897,099 shares of the stock were exchanged, compared to its average volume of 466,512. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.38. United Rentals, Inc. has a 1-year low of $553.22 and a 1-year high of $896.98. The stock has a fifty day moving average price of $778.79 and a two-hundred day moving average price of $762.34. The firm has a market capitalization of $50.58 billion, a P/E ratio of 20.13, a PEG ratio of 1.46 and a beta of 1.69.

United Rentals (NYSE:URI - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $11.80 EPS for the quarter, missing analysts' consensus estimates of $12.49 by ($0.69). The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.01 billion. United Rentals had a net margin of 17.12% and a return on equity of 34.73%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.73 earnings per share. As a group, sell-side analysts predict that United Rentals, Inc. will post 43.46 earnings per share for the current year.

United Rentals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $6.52 annualized dividend and a dividend yield of 0.85%. United Rentals's dividend payout ratio (DPR) is 17.03%.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.